Economist’s “News and Views” Saturday 10-19-2024
Europe Is Plunging and the U.S. Economy Is Next - This Time China Won't Help
Sean Foo: 10-19-2024
The ECB just did another emergency rate cut, front-running the Federal Reserve again. This isn't a sign of confidence, it shows the EU is desperate to save their economy.
However, this isn't solving the structural and geopolitical issues. Manufacturing costs are far too high and even China's stimulus won't save them. Here's what you must know.
Timestamps & Chapters:
0:00 EU Big Emergency Rate Cut
3:02 Europe's Economy Structural Collapse
5:53 China Stimulus Won't Save The West
8:47 Beijing's Money Only For Local Industries
11:47 Europe's Only Winning Move
BRICS Summit 2024: Digital Currencies Blockchain Platform, Focus on Infrastructure, BRICS Bank Role
Lena Petrova: 10-19-2024
15 Signs Everyday Americans Are About To Break Financially
Epic Economist: 10-18-2024
In 2024, tens of millions of Americans are going completely broke, and millions more are just barely scraping by, new data shows.
You've probably noticed that the value of our money isn't the same anymore. In fact, the dollar has lost 95% of its purchasing power since the 70s.
But recently, that decline has become even more pronounced. Today, households don't have enough money coming in, but bills are piling up.
That's why debt levels are rising astronomically while people's savings accounts are running dry, which is putting thousands of U.S. banks at increased risk of failure.
When the U.S. consumer isn’t in a healthy financial shape, bad things tend to happen. And now, conditions are eerily similar to what we experienced during the run up to the Great Recession.
With higher living expenses and tighter access to credit, families and individuals in the U.S. are being hit from all sides.
The following facts we compiled for you in this video are going to be an eye-opener about the current state of the U.S. economy and the challenges we are all facing. Without further ado, Here are 15 Signs That Everyday Americans Are About To Break Financially.